… of that very curious trustee, Steven Cohen, the man whose investment firm keeps turning up in the news. The government seems to think it’s an illegal enterprise, and indeed some of its traders seem headed for prison.
And as investors take their money out of the firm (unlike Brown, which stands stalwart behind Cohen, the investors recognize a sinking ship when they see one), SAC has said in a letter that it’s not going to cooperate with the SEC investigators “unconditionally” anymore.
So… things are fraying at SAC… but Brown University, which has had trouble with trustees, not to mention presidents, before, is apparently going to play the game out, thus solidifying its reputation as the academic institutional embodiment of American greed and illegality.